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Multifamily

1150 Bryden Rd

1150 Bryden Rd, Columbus, OH 43205

Listing Price: $2,100,000

Cap Rate
5.72%
Number of Units
17
GRM
12.64
Occupancy
98.5%
Price/Unit
$123,529
Price/Gross SF
$211.16
Gross SF
9,945

Investment Overview

As shown by the statistics above, Columbus has seen a significant economic rebound following the recession of 2009. This trend continues as the baby boomers and millennials alike flow into the urban core seeking jobs and/or housing. The population growth over the last 9 years clearly reflects this fact with the rental rate growth and vacancy statistics above supporting the conclusion that mature infill areas are posed for further growth. Over the past decade, neighborhoods such as the Short North, Old Town East and German Village have experienced immense growth. Both neighborhoods are well known for their vitality and vibrant social scenes as shown by their numerous restaurants, bars, shops, and art galleries. With investors and residents alike becoming priced-out of areas such as German Village and the Short North, they have begun to seek their next home or opportunity in the Discovery District/Topiary Park and Old Town East neighborhoods. Also driving growth is the significant and unabated growth, both geographically and financially, of major employers such as Nationwide Childrens Hospital and the Motorists Insurance Group. Nationwide Childrens boasts more than 13,700 employees or associates (including the Research Institute) whose average salary is $86,000 within a range of $24,000 to $355,000. This growth in the Discovery District/Topiary Park is complemented by the contributions of the Motorists Insurance Group whose employees salaries range from $46,000 to $105,000.

Investment Highlights

  • Fully Renovated Units.
  • Upside in Rental Rates - Very Large Loss-to-Lease
  • Private Off-Street Parking Lot Including 17 Spaces.
  • Nationwide Childrens less than 1 mile away.
  • Secure Entrance With Key Card Access.
  • Additional Basement Storage Space.

Exclusively Listed By

  • Matt Snyder

    First Vice President Investments

    (513) 878-7727

    Email Matt

    License(s): OH: SAL.2003009376, KY: 208161

    Cincinnati

Listing Price: $2,100,000

Cap Rate
5.72%
Number of Units
17
GRM
12.64
Occupancy
98.5%
Price/Unit
$123,529
Price/Gross SF
$211.16
Gross SF
9,945

Investment Highlights

  • Fully Renovated Units.
  • Upside in Rental Rates - Very Large Loss-to-Lease
  • Private Off-Street Parking Lot Including 17 Spaces.
  • Nationwide Childrens less than 1 mile away.
  • Secure Entrance With Key Card Access.
  • Additional Basement Storage Space.

Investment Overview

As shown by the statistics above, Columbus has seen a significant economic rebound following the recession of 2009. This trend continues as the baby boomers and millennials alike flow into the urban core seeking jobs and/or housing. The population growth over the last 9 years clearly reflects this fact with the rental rate growth and vacancy statistics above supporting the conclusion that mature infill areas are posed for further growth. Over the past decade, neighborhoods such as the Short North, Old Town East and German Village have experienced immense growth. Both neighborhoods are well known for their vitality and vibrant social scenes as shown by their numerous restaurants, bars, shops, and art galleries. With investors and residents alike becoming priced-out of areas such as German Village and the Short North, they have begun to seek their next home or opportunity in the Discovery District/Topiary Park and Old Town East neighborhoods. Also driving growth is the significant and unabated growth, both geographically and financially, of major employers such as Nationwide Childrens Hospital and the Motorists Insurance Group. Nationwide Childrens boasts more than 13,700 employees or associates (including the Research Institute) whose average salary is $86,000 within a range of $24,000 to $355,000. This growth in the Discovery District/Topiary Park is complemented by the contributions of the Motorists Insurance Group whose employees salaries range from $46,000 to $105,000.

Exclusively Listed By

  • Matt Snyder

    First Vice President Investments

    (513) 878-7727

    Email Matt

    License(s): OH: SAL.2003009376, KY: 208161

    Cincinnati

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